Emerging Markets Sovereign Analyst — Latin America Focus

Aplaro Ltd; Malvern; Hybrid; GBP 89,160 - 133,740; Full time

Job summary

Vanguard is seeking a Sovereign Analyst to join the Emerging Markets fixed income team in a mid‑career role with a focus on Latin America. You will expand local rates coverage, contribute to sovereign credit and FX views, and deliver research to support EM funds and allocations.

You will collaborate with U.S.-based portfolio managers and analysts, producing models and reports, and helping shape the EM investment process with new analytical tools. Fluency in Spanish/Portuguese preferred.

Qualifications

• 5 to 8 years total experience, with at least four years focused on EM sovereign credit or EM macroeconomic research, ideally involving Latin America.
• Experience conducting sovereign research across credit and rates; local rates experience is a plus.
• Strong quantitative modeling and coding capabilities; experience developing fundamental/relative‑value models.
• Ability to generate and implement relative value investment recommendations in EM fixed income.
• Undergraduate degree in finance, economics, or a related field; progress toward a graduate degree and/or CFA preferred.
• Spanish and/or Portuguese language skills preferred.

Responsibilities

• Complement the existing Latin America sovereign credit analyst, focusing on expanding Latin American local rates coverage and contributing to sovereign credit and FX views.
• Collaborate with U.S.-based EM portfolio managers and regional analysts to formulate investment recommendations across assigned markets in Latin America.
• Produce high-quality investment research, including written reports, financial models, and presentations, in a collaborative team environment.
• Help enhance the EM investment process with new analytical approaches, models, or frameworks.
• Develop relative value recommendations across countries and asset classes, calibrating views against broader EM markets.
• Contribute to tactical and strategic perspectives within the EM sovereign investment framework.
• Monitor regional macroeconomic, political, and market developments and understand risk factors driving sovereign yields and FX performance in Latin America.
• Build relationships with policymakers, central banks, multilateral institutions, and sell-side research providers.
• Lead or participate in strategic initiatives across the EM team and broader Fixed Income organization.

Skills

EM sovereign credit

Quantitative modeling

Communication across teams

Spanish/Portuguese (languages)

Education

Bachelor's degree in finance/economics

CFA preferred

Job description

Vanguard is seeking a Sovereign Analyst to join the Emerging Markets fixed income team in a mid‑career role with a focus on Latin America. You will expand local rates coverage, contribute to sovereign credit and FX views, and deliver research to support EM funds and allocations.

You will collaborate with U.S.-based portfolio managers and analysts, producing models and reports, and helping shape the EM investment process with new analytical tools. Fluency in Spanish/Portuguese preferred.